Lean Startup, to Lean Company, to Rich Exit

Disponibilité:
Ebook en format EPUB. Disponible pour téléchargement immédiat après la commande.

Protection:
Filigrane

Année de parution:
2024

ISBN-13: 9798887502502

<DIV><P><I>Lean Startup, to Lean Company, to Rich Exit</I> shares the remarkable story of Dr. Kenan Sahin, who took $1,000 in savings and used it to undertake the most extraordinary entrepreneurial journey, culminating with a $1.54 billion rich exit.</P><P>Kenan was teaching at MIT in the 1980s and sought to validate his many academic theories in a real-world lab. So he founded a startup to begin testing innovations in organizational development—challenging nearly every business best practice of the 1990s and largely transforming those practices. Among Kenan’s critical insights into rich-exit business success include…</P><ul><li>Suffusing the organization with a "teach and learn, learn and teach" mindset</li><li>Empowering every team member to practice "situational leadership"</li><li>Leveraging a lean team with "splitsuit" systems architecture development</li><li>Recruiting and retaining the nation’s finest talent by hiring based on aptitude > attitude > willingness > experience (in order of importance)</li><li>Turning performance reviews into company improvement exercises</li><li>Improving on traditional profit-sharing formulas with a "gain sharing" formula</li><li>Finding a way to reject outside funding and retain full ownership</li><li>Replacing notions of customer satisfaction with "customer success"</li><li>Finding the work/life balance that maximizes team productivity</li><li>Bridging disconnects between sales & production, end-users & IT, management, and R&D</li><li>Leaping the chasm from a service-based to a product company</li><li>Combining judicious simplification with ambiguity tolerance to master complex situations</li><li>Flattening internal communications so anyone can access anyone else</li><li>Making "smart interruptibility" an accepted practice at every level of the company</li><li>Developing the "bins, balls, and backplane" framework of modern user interfaces</li><li>Rejecting the "Big IP Lie" and writing "peace contracts" to drive rich-exit potential</li></ul><P>After just 17 years, Kenan’s company, Kenan Systems, was acquired by Lucent Technologies and he remained the sole shareholder. Importantly to him, all of his 750+ employees also benefitted from the exit. This is the inside look at how it happened. This is a field-tested framework for building a lean startup into a lean company and then a rich exit—the perfect model for any aspiring entrepreneur.</P><P>Since Kenan also pioneered large scale commercial AI and big data systems, the framework and principles of innovation he developed are even more relevant in today’s marketplace.</P></DIV>